ACTION - CH 01 Exercises & Problems Saved Help Save & Exit Check 2 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 5 points Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 390,000 $ 26,000 $ 260,000 $ 13,000 $ 7 $ 15,600 $ 19,500 $ ? $ 78,000 $ 23,400 eBook Hint Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. Reg 2 Req1 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. ME Graw Mi 2 Reg 1 Reg 2 Req 3 to 5 Reg 6 5 points Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses eBook Hint 0 Fixed expenses 0 Ree Reg 2 > 2 Reg 1 Reg 2 Req 3 to 5 Req 6 5 points Prepare a traditional format income statement. Todrick Company Traditional Income Statement eBook Hint 0 Selling and administrative expenses: 0 2 5 points Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to manag operating income will change in responses to changes in unit sales? eBook Hint Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req 3 to 5 Reg 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost per unit 6. Contribution margin per unit